Light & Wonder, Inc. — Director's Dealing 2025

Oct 4, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Light & Wonder, Inc. (LNW)
CIK: 0000750004
Period of Report: 2025-10-01

Reporting Person: Korsanos Antonia (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-10-01	Common Stock	M	1417	—	Acquired	24232	Direct
2025-10-01	Common Stock	M	3333	—	Acquired	27565	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-10-01	Restricted Stock Units	$	M	1417	Disposed		Common Stock (1417)	Direct
2025-10-01	Restricted Stock Units	$	M	3333	Disposed		Common Stock (3333)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	313	Indirect

Footnotes

F1: The reporting person disclaims beneficial ownership of the shares held by her child, which underly Chess Depositary Interests ("CDIs"). CDIs are units of beneficial ownership in shares of common stock of the Company that are publicly traded on the Australian Securities Exchange (the "ASX") and held by CHESS Depository Nominees Pty Limited, a subsidiary of ASX Limited, the company that operates the ASX. Each CDI represents one fully paid share of common stock. This report should not be deemed an admission that the reporting person is the beneficial owner of her child's shares for purposes of Section 16 or for any other purpose.

F2: Represents vesting of one-third of the restricted stock units granted on December 11, 2023. The balance of the award is scheduled to vest on October 1, 2026. Each unit converts into a share of common stock on a one-for-one basis.

F3: Represents vesting of one-third of the restricted stock units granted on December 11, 2023. The balance of the award is scheduled to vest on October 1, 2026. Each unit converts into a share of common stock on a one-for-one basis.